Avidity Biosciences Inc’s filing revealed that its Officer Thompson Tamar acquired Company’s shares for reported $1.42 million on Oct 07 ’24. In the deal valued at $47.30 per share,30,000 shares were bought.
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Then, Flanagan W. Michael sold 62,500 shares, generating $2,976,112 in total proceeds. Upon selling the shares at $47.62, the CSTO now owns 85,389 shares.
Before that, WILLIAM MICHAEL FLANAGAN bought 38,018 shares. Avidity Biosciences Inc shares valued at $1,746,167 were divested by the Officer at a price of $45.93 per share.
Goldman initiated its Avidity Biosciences Inc [RNA] rating to a Buy in a research note published on September 24, 2024; the price target was $59. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. BofA Securities began covering RNA with “Buy” recommendation on May 03, 2024. Cantor Fitzgerald started covering the stock on March 14, 2024. It rated RNA as “an Overweight”.
Price Performance Review of RNA
On Monday, Avidity Biosciences Inc [NASDAQ:RNA] saw its stock fall -7.08% to $43.95. Over the last five days, the stock has lost -4.31%. Avidity Biosciences Inc shares have risen nearly 385.64% since the year began. Nevertheless, the stocks have risen 605.46% over the past one year. While a 52-week high of $49.41 was reached on 10/02/24, a 52-week low of $4.82 was recorded on 01/02/24. SMA at 50 days reached $43.75, while 200 days put it at $29.19.
Levels Of Support And Resistance For RNA Stock
The 24-hour chart illustrates a support level at 42.91, which if violated will result in even more drops to 41.86. On the upside, there is a resistance level at 46.03. A further resistance level may holdings at 48.10. The Relative Strength Index (RSI) on the 14-day chart is 49.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.00%. Stochastics %K at 60.60% indicates the stock is a holding.
How much short interest is there in Avidity Biosciences Inc?
A steep rise in short interest was recorded in Avidity Biosciences Inc stocks on 2024-09-13, dropping by -0.94 million shares to a total of 11.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 12.92 million shares. There was a decline of -7.84%, which implies that there is a negative sentiment for the stock.
